Latest
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Congress Should Offset Cost of Any Sequester Agreement
Read moreFor Immediate Release Press reports suggest Congress and the administration are nearing a sequester relief agreement to increase defense and non...
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Disaster Relief Deserves Offsets
Read moreFor Immediate Release Last week, the Trump Administration requested $44 billion of disaster relief funding, on top of roughly $50 billion of disaster...
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Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?
Read moreNoting rising public and private debt across the developed world, International Economy magazine asked a group of economists, including me, “Has the...
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Tax Policy Center Dynamically Scores House Tax Bill
Read moreThe Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
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Comparing the Latest House and Senate Tax Bills by Provision
Read moreIn broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...
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Leon Panetta: Blowing Up the Debt is a Threat to America
Read moreAs the tax bills under consideration by the Congress make clear, the congressional budget process is badly broken — and there’s no longer any pretense...
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Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt
Read moreAs more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the...
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House Passes Historic Debt Increase
Read moreFor Immediate Release The House of Representatives passed a tax cut package today that will add $1.5 trillion or more to the national debt. The...
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Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security
Read moreAn open letter to Congressional leaders from Leon Panetta, Ash Carter and Chuck Hagel.
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New Senate Tax Bill Cuts Less Than $3.7 Trillion of Tax Breaks
Read moreOne of the main goals for tax reform has been to follow the mantra of "broaden the base, lower rates." Yet despite over $18 trillion of tax...
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Modified Chairman's Mark Makes a Bad Bill Worse
Read moreFor Immediate Release Late Tuesday night GOP leaders unveiled a modified Chairman’s Mark of the Senate tax reform bill, which included significant...
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New Senate Tax Bill Hides Over $500 Billion of Gimmicks
Read moreNOTE: This is an old version of this analysis based on a version of the bill considered by the Senate Finance Committee. The bill was later modified...